Yubi Daily Wrap

Macro Updates

Indian states have announced a heavy borrowing plan in the fag end of the fiscal year, marginally pushing up the yields on bonds. The states plan to raise at least Rs 407.14 billion ($4.94 billion) through the sale of bonds in this week, which is 70% higher than the planned amount and highest ever by states in a single auction.

March 28, 2023

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